Pemberton Music Festival lost millions each year: bankruptcy trustee

Secured creditors 1644609 Alberta Ltd. and Janspec Holdings waive their claims; there is fear unsecured creditors will never be paid, including ticket holders owed $8.225 million

The numbers are coming in for the Pemberton Music Festival (PMF) and they appear to show that the bankrupted event was doomed almost from the start. Around 20 creditors and legal representatives wanting clarity on the festival’s collapse were at a meeting at Robson Square in Vancouver, where they heard a representative from trustee Ernst & Young (EY) read a preliminary report into the festival’s “consolidated bankruptcy.”…